4 hours ago
World Cannabis News
By Associated Press
(AP) — A bill that would set up a system to legalize sales of recreational marijuana in Vermont will become law without Governor Phil Scott’s signature, meaning that retail sales of marijuana at dispensaries will start within two years.
The new law will establish a 14% excise tax on cannabis products, of which 30% — up to $10 million per year — would go to education and prevention efforts. The sales and use tax on cannabis would fund a grant program to expand afterschool and summer learning programs.
“This new bill requires cities and towns to authorize these businesses before retail establishments may open,” Scott wrote. “The Legislature needs to strengthen education and prevention – including banning marketing that appeals in any way to our kids – otherwise they are failing to learn the lessons of the public health epidemic caused by tobacco and alcohol.”
Scott said in a letter to the secretary of the Senate that the Legislature made substantial progress in addressing three of his key priorities.
AP Photo Steven Senne